"Monkton" 2.14 Acre± Residential Lot

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Listing Details

Sold Price
$92,000
Auction Date
Auction Time
11:00 AM
Address
17346 Big Falls Road, Baltimore County, MD, 21111
County
Baltimore County
Neighborhood
Monkton
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Paul Cohen, P.C., Solicitors
100 Owings Court - Suite 3
Reisterstown, MD 21136

ASSIGNEE'S AUCTION
                   
MONKTON

2.14 ACRE±
RESIDENTIAL LOT

Sale On Premises
17346 BIG FALLS ROAD
Approx. 0.7 Miles Northeast of Monkton Road
Baltimore County, MD 21111

TUESDAY, FEBRUARY 1, 2011
AT 11:00 A.M.

For directions from your location, visit: maps.google.com


      Under and by virtue of the power of sale contained in a certain Mortgage from Kristal E. Weems and Candice E. Madden, dated June 28, 2007, and recorded among the Land Records of Baltimore County, Maryland, in Liber 25934, folio 488, said Mortgage having been assigned to Paul J. Cohen for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Assignee will sell at Public Auction, on the premises, the following:


      All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the above-referenced mortgage, being aslso known as Lot 1 as shown on the Minor Subdivision Plan of the Weems/Madden Property, dated August 1, 2004 and prepared by Ruxton Design Corporation, Plat MS 04-129M on file with Baltimore County, Maryland.  A copy of the plat may be found on the Auctioneer's web site or by contacting the Auctioneer.


      The property consists of a flag-shaped residential lot, fronting on the north side of Big Falls Road, approximately 3,875' northeast of Monkton Road, in a scenic area of northern Baltimore County.  The property is believed to be located in an RC-5 zoning district, permitting no further subdivision, and in the Hereford School District.  An existing well is believed to be on the site.  The lot is close to Gunpowder State Park and the NCR recreational trail, yet is only several minutes east of the I-83 Mt. Carmel Road exit.


      SUBDIVISION PLAN (pdf)


      NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.


      TERMS OF SALE:  A $5,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's Office.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at the offices of the Assignee.  If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser.  Interest to be charged on the unpaid purchase money, at the rate stated in the foreclosed Mortgage, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Taxes and all other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser.  The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Assignee, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Assignee is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Assignee, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.


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Paul J. Cohen, Assignee